July 21, 2014
Avia Solutions Group to establish new aviation park in Lithuania
Avia Solutions Group, a WSE listed global provider of one-stop-shop aviation business solutions, and Kaunas Free Economic Zone Management UAB have signed a memorandum of cooperation with regard to the development of a new Aviation Park in the territory of the Kaunas Free Economic Zone, Lithuania. Upon the successful implementation of all project stages the local economy will be infused with almost US$40m and the new Aviation Park will become the largest and most innovative centre of aviation services in Lithuania. The new Aviation Park in Kaunas is a major project aimed at attracting various local and foreign companies engaged in providing a wide spectrum of aviation related services, such as maintenance and repair of aircraft engine, landing gear and other components, aircraft tear down and sales as well as aviation-related scientific researches. The new centre is planned to occupy the territory of up to 100 ha, located next to Kaunas International Airport.